Business Context and Reporting Period
Company: cbdMD, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 18, 2021
Event Date: May 14, 2021
Context: The registrant is an emerging growth company incorporated in North Carolina. This filing reports the declaration of a cash dividend for holders of the company's 8.0% Series A Cumulative Convertible Preferred Stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the dividend declaration:
- Dividend Amount: $0.0667 per share of Series A Convertible Preferred Stock.
- Record Date: June 1, 2021.
- Payment Date: June 15, 2021.
Material Changes
This report does not disclose material changes to the company's financial position, operations, or results of operations compared to prior periods. The sole material event reported is the declaration of the monthly cash dividend.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure of the dividend event.
Key Facts for Investor Verification
- Verify the total number of outstanding shares of 8.0% Series A Cumulative Convertible Preferred Stock to calculate the total cash outflow for the dividend.
- Confirm the company's current cash position to ensure liquidity is sufficient to meet the June 15, 2021 payment obligation.
- Review the terms of the Series A Convertible Preferred Stock to understand the cumulative nature of the dividend and conversion rights.